THE BEGINNING OF TAXATION ON DIGITAL INCOME

STATE BUDGET FOR 2023 AND THE TAXATION OF INCOME DERIVED FROM CRYPTOACTIVE ASSETS

The State Budget for 2023, approved by Law 24-D/2022, of 30 December, introduced in Portugal the taxation of cryptoactive assets under Income and Property Tax.

Under the Law, a cryptoactive is definedas any digital representation of value or rights that can be transferred or stored electronically using distributed ledger or similar technology. Unique cryptoactive assets that are not fungible with other cryptoactive assets (NFTs) are expressly excluded from this definition.

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